Dalton Greiner Hartman Maher & Co. Purchases New Stake in GameStop Corp. (GME)
Dalton Greiner Hartman Maher & Co. purchased a new position in GameStop Corp. (NYSE:GME) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 854,272 shares of the company’s stock, valued at approximately $23,569,000. GameStop Corp. accounts for 1.5% of Dalton Greiner Hartman Maher & Co.’s investment portfolio, making the stock its 7th largest position. Dalton Greiner Hartman Maher & Co. owned about 0.82% of GameStop Corp. as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in GameStop Corp. by 4.4% in the first quarter. Geode Capital Management LLC now owns 917,726 shares of the company’s stock worth $29,065,000 after buying an additional 39,043 shares during the period. Credit Agricole S A raised its position in shares of GameStop Corp. by 87.9% in the first quarter. Credit Agricole S A now owns 33,162 shares of the company’s stock valued at $1,051,000 after buying an additional 15,509 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of GameStop Corp. by 86.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 84,878 shares of the company’s stock valued at $2,256,000 after buying an additional 39,442 shares during the last quarter. Prudential PLC raised its position in shares of GameStop Corp. by 10.0% in the first quarter. Prudential PLC now owns 275,000 shares of the company’s stock valued at $8,726,000 after buying an additional 25,000 shares during the last quarter. Finally, Genesee Valley Trust Co. raised its position in shares of GameStop Corp. by 18.4% in the second quarter. Genesee Valley Trust Co. now owns 34,586 shares of the company’s stock valued at $919,000 after buying an additional 5,380 shares during the last quarter.
GameStop Corp. (NYSE:GME) traded down 1.38% on Thursday, hitting $25.76. The company had a trading volume of 643,530 shares. The firm has a market capitalization of $2.68 billion, a PE ratio of 6.79 and a beta of 1.08. GameStop Corp. has a 12-month low of $24.33 and a 12-month high of $47.62. The firm has a 50-day moving average price of $27.82 and a 200-day moving average price of $29.13.
GameStop Corp. (NYSE:GME) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.27. GameStop Corp. had a return on equity of 19.44% and a net margin of 4.35%. The company earned $1.63 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the company earned $0.31 earnings per share. The firm’s revenue was down 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that GameStop Corp. will post $3.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.48 dividend on an annualized basis and a yield of 5.67%. GameStop Corp.’s payout ratio is currently 39.05%.
GME has been the topic of several recent research reports. Robert W. Baird reaffirmed an “outperform” rating and set a $40.00 price objective on shares of GameStop Corp. in a research report on Monday, September 26th. Bank of America Corp. set a $37.00 price objective on shares of GameStop Corp. and gave the company a “buy” rating in a research report on Friday, October 7th. Hilliard Lyons raised shares of GameStop Corp. from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Friday, September 9th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $30.00 price objective on shares of GameStop Corp. in a research report on Monday, August 22nd. Finally, Pacific Crest reaffirmed a “hold” rating on shares of GameStop Corp. in a research report on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. GameStop Corp. has an average rating of “Buy” and an average target price of $36.71.
In other GameStop Corp. news, EVP Michael Mauler bought 10,000 shares of the stock in a transaction on Thursday, September 15th. The stock was acquired at an average cost of $26.91 per share, for a total transaction of $269,100.00. Following the completion of the acquisition, the executive vice president now owns 120,922 shares in the company, valued at approximately $3,254,011.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is owned by company insiders.
GameStop Corp. Company Profile
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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